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Market Research Report

Smart Home Technologies Assessment - Explaining the Methodology

Published by Lux Research Product code 355759
Published Content info 14 Pages
Delivery time: 1-2 business days
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Smart Home Technologies Assessment - Explaining the Methodology
Published: March 19, 2016 Content info: 14 Pages

Smart home technologies are currently classified as energy-, well-being-, or security-centric solutions with specific functions delivered to the end consumer. Each player in the space is tackling different homeowner pain points in a variety of ways, making it a challenge to compare different kinds of technologies in terms of their value proposition. While cost is a common way of comparing plain hardware, smart home solutions come with software that unlocks additional characteristics that should be considerd, as well. Therefore, finding a way to monetize the value delivered by each smart home technology and combining it with the cost to the end consumer is a fair way of comparing the current status of the players and their functionalities in the smart home space.

Table of Contents

Table of Contents



  • Capabilities of smart home devices are evolving from energy-centric solutions to deliver security and well-being, with no clear approach to quantify their specific added value.


  • Smart home technologies can be compared in terms of their annual costs and by monetizing the value they deliver to the end consumer, from loss prevention to substantial energy savings.



  • Figure 1: Graphic Template to Compare Value Proposition and Cost for All Smart Home Focus Area Functions
  • Figure 2: Table Focus Area Value Spectrum Ranges
  • Figure 3: Graphic Value Spectrum Ranges for Each Focus Area
  • Figure 4: Table Summary of the Conclusions for the Potential Savings Due to Improved Indoor Air Quality
  • Figure 5: Table Value Spectrum Scoring Criteria
  • Figure 6: Graphic Comparison of Smart Home Technology Functions
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